NICO HoldingsMSW:NICO -0.67%57 Net Margin % is 19.05% as of Dec. 2025, which is 153% above its 10-year median of 7.53. GuruFocus rates MSW:NICO with a GF Score™ of 57/100 and a GF Value™ of MWK728.26 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 503 Insurance companies, NICO Holdings ranks better than 81.51% on this metric.
Net margin is calculated as Net Income divided by its Revenue. NICO Holdings's Net Income for the
six
months ended in Dec. 2025 was MWK167,833 Mil. NICO Holdings's Revenue for the
six
months ended in Dec. 2025 was MWK880,854 Mil. Therefore, NICO Holdings's net margin for the quarter that ended in Dec. 2025 was 19.05%.
The historical rank and industry rank for NICO Holdings's Net Margin % or its related term are showing as below:
MSW:NICO'
s Net Margin % Range Over the Past 10 Years
Min: 4.66 Med: 7.53 Max: 19.05
Current: 19.05
MSW:NICO's Net Margin % is ranked better than 81.51% of 503
companies
in the Insurance industry
Industry Median: 9.29
vs MSW:NICO: 19.05
NICO Holdings (MSW:NICO) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
NICO Holdings Net Margin % Related Terms
NICO Holdings Net Margin % Historical Data
* Premium members only.
The historical data trend for NICO Holdings's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NICO Holdings Net Margin % Chart
NICO Holdings Annual Data
Trend
Dec20
Dec21
Dec22
Dec24
Dec25
Net Margin %
6.00
4.66
7.53
13.73
19.05
NICO Holdings Semi-Annual Data
Dec20
Dec21
Dec22
Dec24
Dec25
Net Margin %
6.00
4.66
7.53
13.73
19.05
MSW:NICO vs BRK.A, AIG, HIG: Net Margin % Comparison
For the Insurance - Diversified subindustry, NICO Holdings's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
NICO Holdings Net Margin % vs Insurance Industry
For the Insurance industry and Financial Services sector, NICO Holdings's Net Margin % distribution charts can be found below:
* The bar in red indicates where NICO Holdings's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NICO Holdings (MSW:NICO) has a Net Margin % of 19.05% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on NICO Holdings and its competitors. This is 153% above median its historical median of 7.53. Over the past decade, NICO Holdings' Net Margin % has ranged from 4.66 to 19.05. According to the industry distribution chart, NICO Holdings ranks #93 out of 503 companies in the Insurance industry, placing it in the top 18.5%.
Is NICO Holdings' Net Margin % too high?
NICO Holdings' current Net Margin % of 19.05% is 153% above median its 10-year median of 7.53. Over the past 10 years, this metric has ranged from a low of 4.66 to a high of 19.05. The Insurance industry median Net Margin % is 9.29. NICO Holdings' value of 19.05% is 105.1% above this industry median. Based on the distribution chart, NICO Holdings ranks #93 out of 503 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, NICO Holdings has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NICO Holdings' Net Margin % compare to BRK.A and AIG?
According to the Insurance industry distribution chart, NICO Holdings ranks #93 out of 503 companies for Net Margin %. This places NICO Holdings in the top 19% of its industry — outperforming the majority of peers. The industry median Net Margin % is 9.29. NICO Holdings' value of 19.05% is 105.1% above this benchmark. Historically, NICO Holdings' own Net Margin % has ranged from 4.66 to 19.05 over the past decade. While the company's 10-year median is 7.53 vs. the industry median of 9.29, NICO Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Insurance company?
The median Net Margin % among Insurance companies is 9.29, based on 503 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NICO Holdings's current Net Margin % of 19.05% is 105.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on NICO Holdings and its competitors. For the Insurance industry, the median Net Margin % is 9.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NICO Holdings's current Net Margin % is 19.05%, which is 153% above median its own 10-year median of 7.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NICO Holdings stock overvalued right now?
Based on GuruFocus' analysis, NICO Holdings (MSW:NICO) is currently considered Significantly Overvalued. The stock's GF Value™ is MWK728.26, compared to a current price of MWK1,600.16 — trading 119.7% above its estimated fair value. The current Net Margin % is 19.05%, which is 153% above median its 10-year median of 7.53 and 105.1% above the Insurance industry median of 9.29. NICO Holdings' overall GF Score™ is 57/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For NICO Holdings (MSW:NICO), the current Net Margin % is 19.05% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is NICO Holdings (MSW:NICO) Overvalued in 2026?
Based on GuruFocus' analysis, NICO Holdings stock appears to be overvalued.
The current stock price of MWK1,600.16 is trading 119.7% above its estimated GF Value™ of MWK728.26.
GuruFocus considers NICO Holdings to be Significantly Overvalued.
Key valuation signals for MSW:NICO:
Net Margin %: 19.05% (153% above median its 10-year median of 7.53)
GF Value™: MWK728.26 vs. price of MWK1,600.16 (119.7% above fair value)
Industry Position: 105.1% above the Insurance median (#93 of 503)
No single metric tells the full story. See the MSW:NICO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NICO Holdings PLC is a Malawi-based financial service company that operates in diversified business. Its segments include Life Insurance and Pension, General Insurance business, Banking business, Investment Holding, Asset Management, and Information Technology. Its general insurance segment offers personal and commercial insurance covering motor vehicle, building, road construction, liability, engineering, professional indemnity, marine hull & cargo, fire, and personal accidents throughout Malawi, Zambia, Tanzania, and Uganda. In contrast, life insurance and pension products including Endowment Assurance are offered in Malawi and Mozambique. The majority of the revenue is earned from the Insurance sector. while its Asset Management and Banking segments only operate in Malawi.
57GF Score
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